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Valuation Based Mortgage

Valuation Based Mortgages

If you’re looking to purchase a plot of land and build your dream home BuildStore offers valuation based mortgages from a panel of top UK lenders, who could provide you with the type of funding and staged payment support you’ll need to make it happen.

Our valuation based mortgage products release funds upfront to purchase your plot, and then after each stage of works are complete. You may be able to borrow up to 85% of your project costs, whereas many lenders only offer up to 75%.

Valuation based stage payments require an uplift in value at each stage of the build to release funds. These type of mortgage is most suitable for homebuilders with sufficient savings, or for those who already own their plot as some trades need paid onsite daily in cash. Also most lenders will retain 5-10% of your loan until the build is completed.

If you would like a more in-depth conversation to discuss our valuation based mortgages, contact us directly or request a call back online and one of our experienced mortgage advisers will help to find the best solution for you.

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